Neuberger Berman Absolute Return Multi-Manager Fund Class A NMFQS:NABAX

Multistrategy | Neuberger Berman

$11.90

↓ $-0.04 (-0.34%)

Last Updated: Oct 22, 2026

Fund Information

Fund Category Multistrategy

Fund Family Neuberger Berman

Fund Style Large

ISIN US64128R8714

CUSIP 64128R871

Inception Date 2012-05-15

Domicile United States

Country USA

Fiscal Year End October

NAV Chart

Fund Metrics

Net Assets $131.13 Million

Share Class Net Assets $7.85 Million

Expense Ratio 2.40%

Expense Ratio Date 2023-02-28

Dividend Yield 0.01%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 3.48%

1-Year Return 5.01%

3-Year Return 3.14%

5-Year Return 3.60%

NAV $11.90

Previous Close Price $11.94

Last Update 2024-09-30

Dividend Information

Dividend Yield 0.01%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Neuberger Berman Absolute Return Multi-Manager Fund Class A

The fund seeks to achieve its goal by allocating its assets to multiple subadvisers that employ a variety of investment strategies. The Portfolio Managers are responsible for selecting each subadviser and for determining the amount of fund assets to allocate to each subadviser. The Portfolio Managers allocate fund assets among a variety of investment strategies to subadvisers whose strategy the Portfolio Managers believe, when combined to form a single portfolio, can provide attractive risk-adjusted returns over the long term.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 19136.90%

Giant 13.85%

Large 1.98%

Medium 11.23%

Micro 8.28%

Small 13.24%

Value & Growth Metrics

Book-Value Growth % 6.69%

Cash-Flow Growth % 4.05%

Dividend Yield % 1.31%

Historical Earnings % -7.38%

Long-Term Earnings % 13.18%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	9.34%	9.41%	0.07%	71.95%	77.15%
Cash	44.52%	45.18%	0.66%	46.99%	0.00%
Non US Stock	14.08%	14.36%	0.28%	9.29%	8.38%
Not Classified	0.00%	0.00%	0.00%	2.39%	0.01%
Other	2.89%	2.89%	0.00%	40.39%	2.07%
US Stock	29.16%	36.98%	7.82%	35.20%	12.39%

Top Holdings

Name	Weight	Owned	Change
Fidelity Treasury Only Portfolio, Institutional Class	38.89%	-	-
Hess Corp.	2.08%	-	-
Meta Platforms, Inc., Class A	1.36%	-	-
Prosus NV	1.27%	-	-
HashiCorp, Inc., Class A	1.26%	-	-
Nestle SA (Registered)	1.15%	-	-
Amedisys, Inc.	1.08%	-	-
Cerevel Therapeutics Holdings, Inc.	1.05%	-	-
Endeavor Group Holdings, Inc., Class A	1.05%	-	-
Roche Holding AG	0.94%	-	-

See the full breakdown of NABAX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	3.56%	17.65%	82.75%	0.00%
Bond Sector	Corporate	3.56%	17.94%	17.14%	27.04%
Bond Sector	Derivative	3.56%	16.35%	0.01%	0.00%
Bond Sector	Government	3.56%	33.33%	0.10%	70.46%
Bond Sector	Municipal	3.56%	0.13%	0.00%	0.05%
Bond Sector	Securitized	3.56%	14.60%	0.00%	2.45%
Cyclical	Basic Materials	4.97%	5.41%	0.00%	4.41%
Cyclical	Consumer Cyclical	13.56%	12.10%	0.00%	10.65%
Cyclical	Financial Services	4.01%	14.78%	0.00%	18.05%
Cyclical	Real Estate	0.67%	4.23%	0.00%	8.14%
Defensive	Consumer Defensive	7.09%	6.24%	0.00%	6.22%
Defensive	Healthcare	15.41%	10.94%	0.00%	9.82%
Defensive	Utilities	3.56%	4.52%	0.00%	3.29%
Sensitive	Communication Services	14.96%	5.93%	0.00%	5.00%
Sensitive	Energy	7.51%	6.34%	0.00%	4.61%
Sensitive	Industrials	5.62%	12.71%	0.00%	11.44%
Sensitive	Technology	22.65%	16.79%	0.00%	18.39%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.58%	2.74%	1.20%
Americas	North America	81.26%	74.69%	62.87%
Greater Asia	Asia Developed	1.83%	2.13%	3.91%
Greater Asia	Asia Emerging	2.68%	2.44%	5.36%
Greater Asia	Australasia	0.55%	0.00%	2.06%
Greater Asia	Japan	4.47%	0.01%	6.61%
Greater Europe	Africa/Middle East	0.58%	0.10%	1.29%
Greater Europe	Europe Developed	5.61%	17.52%	12.65%
Greater Europe	Europe Emerging	0.12%	-	0.24%
Greater Europe	United Kingdom	2.33%	0.38%	3.81%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-20	$0.167	$0.167	USD	-	-	-	-
2023-12-21	$0.069	$0.069	USD	-	2023-12-20	2023-12-22	Annual
2022-12-21	$0.276	$0.276	USD	2022-12-21	2022-12-20	2022-12-22	Annual
2020-12-18	$0.152	$0.152	USD	2020-12-18	2020-12-17	2020-12-21	Annual
2019-12-20	$0.346	$0.346	USD	2019-12-20	2019-12-19	2019-12-23	Annual
2015-12-23	$0.000	$0.000	None	-	-	-	-
2014-12-19	$0.023	$0.023	USD	2014-12-19	2014-12-18	2014-12-22	Other
2013-12-20	$0.073	$0.073	USD	2013-12-20	2013-12-19	2013-12-23	Other
2012-12-20	$0.037	$0.037	USD	2012-12-20	2012-12-19	2012-12-21	Other

View the full dividend history for NABAX.